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Health insurance, benefits drive majority of Haverhills proposed property tax increase
Summary
City auditor Angel told the Haverhill City Council that a 12.5% rise in employee health insurance costs, combined with prior debt service and school funding increases, account for the bulk of an estimated $299 tax increase for the average single-family home.
Angel, city auditor, told the Haverhill City Council the largest single driver of this years proposed property tax increase is employee benefits.
"The largest driver this year is employee benefits," Angel said, adding that the city saw "an average increase of 12 and a half percent, which amounted to just about, well, just shy of dollars 4,000,000." She said that increase accounts for about $139 of an estimated $299 tax increase for an average single-family home valued at $532,000.
The auditor outlined several other contributors to the levy increase. She said payments related to "the Constantino" project were being phased in over multiple years, with borrowing and earlier favorable market rates…
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